Thai Tourism Organization Plans To Launch Its Own Crypto Coin For Visitors | Currency News | Financial and business news



Thailand
  • The Tourism Authority of Thailand plans to issue an encrypted coin intended for visitors, the Bangkok Post reported.
  • TAT is discussing the play with the regulator, its Gov. Yuthasak Supasorn told the newspaper.
  • Crypto and vacations are two things that have recently gone hand in hand.
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Thailand’s tourism organization is seriously considering launching a digital token to take advantage of the tourism world’s growing interest in cryptocurrencies, the Bangkok Post reported Wednesday.

Yuthasak Supasorn, governor of the Tourism Authority of Thailand, told the newspaper that TAT is discussing the coin with the country’s Securities and Exchange Commission, which oversees capital markets. This coin will involve the transfer of vouchers into digital tokens.

The TAT Coin will be listed on Bitkub, a local cryptocurrency exchange, along with any other digital asset, according to the report. Non-fungible tokens, or NFTs – unique digital collectibles – will be on the exchange.

The tourism organization, which reports to the Ministry of Tourism and Sports, wants to generate interest in cryptocurrencies in the travel community. Companies such as airline ticket website Cheapair.com, Latvian airline Air Baltic, and space travel company Virgin Galactic accept bitcoins, while many others embark. boat.

TAT was not immediately available for comment when contacted by Insider.

“We need to prepare digital infrastructure and digital literacy for our tourism operators to start crypto-tourism, as the traditional business model might not be able to keep up with the new changes,” Yuthasak told the Bangkok Post.

TVNs were banned in Thailand in June for lack of “substance”. The Thai regulator hopes to strengthen oversight of digital asset trading operators and develop the quality and protection of investors in this area, according to a declaration in August.


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